• U.S. groups to empower women entrepreneurs in Africa United States President, Joe Biden, has hinged survival of the world on prosperity of the African continent, even as he backed continuity of the African Growth and Opportunity Act (AGOA). AGOA provides duty-free access to the U.S. market for most agricultural and manufactured products exported by […]
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The Central Bank of Nigeria (CBN) has begun the settlement of foreign exchange forwards to banks. It was gathered yesterday at the apex bank that the CBN has indeed started offsetting the outstanding forex forwards. This is as the Naira improved to N786.02/$ at the official rate, while it also went up to N1012/$ at […]
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A statement issued the other day by the office of the Attorney-General of the Federation and Minister of Justice debunking speculation in the public sphere of a possible plea bargain arrangement between the government and the former Governor of the Central Bank came at a good time. To some extent, it may have helped to […]
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Nollywood star Osita Iheme, famous for his ‘Pawpaw’ role alongside John Okafor, known as Mr. Ibu, shared encouraging words about his ailing colleague. Iheme expressed his optimism in a recent chat with Hitz FM’s Doreen Avio at the AMAAs in Nigeria, about Mr. Ibu’s recovery as he undergoes treatment. He reminded everyone that sickness can […]
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Governor Mai Mala Buni of Yobe State has approved an upward review of monthly standing payment of gratuities from N100 million to N200 million. This is contained in a statement issued by the state Commissioner of Finance, Alhaji Mohammed Abacha, in Damaturu on Thursday. Abacha said that the governor approved the review of gratuity payments […]
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The House of Representatives on Thursday re-allocated the N5 billion that had previously been designated for the presidential yacht to the student loan in the 2023 supplementary budget. The chairperson of the House Committee on Appropriation, Abubakar Bichi (APC, Kano) made this announcement during plenary where he said the House of Reps has dropped the […]
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US Secretary of State Antony Blinken talks to reporters prior to boarding his aircraft at Joint Base Andrews in Maryland, on his way to the Middle East and Asia on November 2, 2023. – Blinken is on his second crisis trip to the Middle East as he renews support for Israel but also seeks subtly […]
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The All Progressives Congress (APC) in Kogi State has dismissed allegations made by the Peoples Democratic Party (PDP) governorship candidate, Dino Melaye, that the ruling party in the state is planning to disrupt the upcoming governorship elections. APC Governorship Campaign Council Spokesman, Kingsley Femi Fanwo, said in a statement issued on Thursday that he described […]
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President Bola Tinubu (left); Secretary to the Government of the Federation, George Akume; and Head of Civil Service of the Federation, Folashade Yemi-Esan during a three-day cabinet retreat at the State House, Abuja…yesterday President Bola Tinubu has asked the National Assembly to approve a loan of $7.86 billion and €100 million under the Federal Government’s […]
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• Nigeria tags behind Ghana, Egypt, others in debt refinancing crisis • ‘More African govts relying on central bank overdrafts, says S&P • FG struggling to fund N11.6 trillion deficit in 2023 budget • Govt may resort to CBN’s overdraft as local, foreign market dry up Many African governments are currently caught in the crisis […]
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